Advanced Manufacturing
Goal: Attraction of technology-driven companies in manufacturing sectors
Use of innovative technologies to create and improve existing products
Advanced Manufacturing
Goal: Attraction of technology-driven companies in manufacturing sectors
Use of innovative technologies to create and improve existing products
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About Advanced Manufacturing
International advanced manufacturing brands are naturally drawn to Memphis—its strategic central location, vast transit infrastructure, and diverse skilled workforce ensure companies exceed their bottom-line revenues and improve supply chain management systems. Memphis provides resources to a range of manufacturing sectors, from food and beverage, paper, medical and surgical, and automotive.
Known as America’s Distribution Hub, Memphis connects companies to national and international markets with exceptional air, road, rail, and port infrastructure. Located on the third busiest trucking corridor in the U.S., companies can easily reach 75% of the U.S. population within 48 hours.
The city’s wealth of industry-specific skilled workers coupled with robust historical and projected growth fuel the region’s ability to manufacture and take products to market.
About Advanced Manufacturing
International advanced manufacturing brands are naturally drawn to Memphis—its strategic central location, vast transit infrastructure, and diverse skilled workforce ensure companies exceed their bottom-line revenues and improve supply chain management systems. Memphis provides resources to a range of manufacturing sectors, from food and beverage, paper, medical and surgical, and automotive.
Known as America’s Distribution Hub, Memphis connects companies to national and international markets with exceptional air, road, rail, and port infrastructure. Located on the third busiest trucking corridor in the U.S., companies can easily reach 75% of the U.S. population within 48 hours.
The city’s wealth of industry-specific skilled workers coupled with robust historical and projected growth fuel the region’s ability to manufacture and take products to market.
By the Numbers
Advanced Manufacturing
Employed in the Advanced Manufacturing Industry
In Economic Presence
Graduated in Advanced Manufacturing Programs Each Year
Advanced Manufacturing in Memphis
- Medtronic
- Flex
- Olympus
- Smith+Nephew
- Cargill
- Cummins
- Stryker
- Carrier
- Georgia-Pacific
- NuCor
- DuPont
What Our Clients Say
Good Jobs First
2013: Tied for for transparency in incentive disclosures
Rebuild Tennessee
2014: Awarded for the EDGE Paul Lowery Road Project
SEDC
2014: Superior Award for EDGE Database and Merit Award for Regional Economic Development Website
CDFA
2018: Distinguished Development Finance Local Agency Award
Site Selection Magazine
2020: Mac Conway Awardfor Excellence in Economic Development
IEDC
2020: Excellence in Economic Development Gold Award for NEED Grant Program
Site Selection Magazine
2021: Mac Conway Awardfor Excellence in Economic Development
EDGE Jobs PILOT
Hyosung Heavy Industries
Hyosung Heavy Industries Corporation received an 11-year Jobs PILOT to encourage the company to create 131 new jobs with an average wage of $51,475 and invest $103 million in the City of Memphis at 2865 Riverport Road. The company also committed to spending over $4 million with local Minority- and Women- Owned Business Enterprises (MWBE). Founded in 1962 and headquartered in Seoul, South Korea, Hyosung Heavy Industries is a publicly traded company engaged in electrical power equipment and industrial machinery manufacturing. The company has revenues of $1.8 billion and operates in five countries as a leading provider of heavy electrical power equipment.
EDGE Jobs PILOT
Hyosung Heavy Industries
Hyosung Heavy Industries Corporation received an 11-year Jobs PILOT to encourage the company to create 131 new jobs with an average wage of $51,475 and invest $103 million in the City of Memphis at 2865 Riverport Road. The company also committed to spending over $4 million with local Minority- and Women- Owned Business Enterprises (MWBEs). Founded in 1962 and headquartered in Seoul, South Korea, Hyosung Heavy Industries is a publicly traded company engaged in electrical power equipment and industrial machinery manufacturing. The company has revenues of $1.8 billion and operates in five countries as a leading provider of heavy electrical power equipment.
EDGE Jobs PILOT
Hyosung Heavy Industries
Hyosung Heavy Industries Corporation received an 11-year Jobs PILOT to encourage the company to create 131 new jobs with an average wage of $51,475 and invest $103 million in the City of Memphis at 2865 Riverport Road. The company also committed to spending over $4 million with local Minority- and Women- Owned Business Enterprises (MWBEs). Founded in 1962 and headquartered in Seoul, South Korea, Hyosung Heavy Industries is a publicly traded company engaged in electrical power equipment and industrial machinery manufacturing. The company has revenues of $1.8 billion and operates in five countries as a leading provider of heavy electrical power equipment.
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